German auto workers stage nationwide protests after Volkswagen profit warning
German auto workers staged nationwide protests on Monday, less than three days after Volkswagen’s shock profit warning, highlighting sector challenges from high costs and fierce Asian rivals.
German auto workers held nationwide protests on Monday, coming less than three days after Volkswagen, Europe’s biggest auto maker, issued a shock profit warning that underscored the sector’s unprecedented challenges from high costs and fierce Asian rivals. The protests took place at Volkswagen XETR:VOW, BMW XETR:BMW and parts of the wider sector.